This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.Need a new registration confirmation email? Click here

However, commodities – a boon to Russia – are improving, and even the Ruble is making up some of the ground it lost earlier this month.

That and a round of
better-than-expected data from the US seem to be helping European stocks as well. The shock markets have undergone in the past few weeks have created discounted stocks and a feeling of solidarity.

Analysts expect that developed
economies worldwide will now grow more or less in tandem. Their prognosis cuts both ways, though – as local set-backs would have more impact on the global economy as a whole.

Investing Ideas

We decided to run a screen on European stocks. We wanted companies that have done well in the past month while the rest of the market fared poorly. So we looked for companies rallying above their
20-day, 50-day, and 200-day simple moving averages.

These are companies which have sustained consistent momentum in the past several months. We then narrowed that screen to only look at companies experiencing a spike in
institutional buying.

This means that fund managers are buying lots of shares of a particular stock. One thing that we noticed was that 3 of the companies that made it through our screen – 60% of the final list – worked in shipping.

There are a couple explanations for this. For one, as Europe's market slumped, stocks that were already undervalued fell more, creating an even steeper discount. Investors might
also be optimistic about new technology helping to keep shipping costs down.

​Click on the interactive chart to view data over time.

&amp;amp;amp;amp;amp;amp;amp;amp;amp;lt;p&amp;amp;amp;amp;amp;amp;amp;amp;amp;gt;Your browser does not support iframes.&amp;amp;amp;amp;amp;amp;amp;amp;amp;lt;/p&amp;amp;amp;amp;amp;amp;amp;amp;amp;gt;